US stocks came under considerable selling pressure over the course of the trading session on Thursday amid profit taking. The Nasdaq and the S&P 500 finished the day just off their lows of the session. The Nasdaq tumbled 299.63 points or 1.7 percent to 17,619.35, the S&P 500 slumped 50.21 points or 0.9 percent to 5,570.64 and the Dow fell 177.71 points or 0.4 percent to 40,712.78. Tech sector led the declines as Nvidia fell 3.7% ahead of its earnings report next week. Consumer discretionary stocks also fell sharply, highlighted by Teslas 5.6% loss. In contrast, financials, real estate, and energy sectors ended the day positively.
Posts in category Business Standard
Enduring price stability sets strong foundations for a sustained period of high growth: RBI Minutes (23-08-2024)
The Reserve Bank of India (RBI) released the minutes of the Monetary Policy Committee (MPC) meeting on Thursday, August 22. According to the minutes, the MPC expects domestic growth to hold up on the strength of investment demand, steady urban consumption and rising rural consumption. Risks from volatile and elevated food prices remain high, which may adversely impact inflation expectations and result in spillovers to core inflation. There are also indications of core inflation bottoming out, MPC noted. Accordingly, the MPC decided to remain watchful on how these forces play out, going forward.
Bajaj Auto m-cap nears Rs 3 trn; what drove the stock to record high today? (23-08-2024)
Thus far in the calendar year 2024, Bajaj Auto has outperformed the market by surging 50 per cent, as against 12 per cent rise in the BSE Sensex.
Volumes jump at FSN E-Commerce Ventures Ltd counter (23-08-2024)
FSN E-Commerce Ventures Ltd saw volume of 426.04 lakh shares by 10:46 IST on BSE, a 44.02 fold spurt over two-week average daily volume of 9.68 lakh shares
Adani Power gains after NCLT nod to acquire LAPL for Rs 4,101 cr (23-08-2024)
Adani Power (APL) advanced 1.17% to Rs 681.75 after the company said that it has received an approval from the National Company Law Tribunal (NCLT) Hyderabad Bench to acquire 100% stake in Lanco Amarkantak Power (LAPL).
Spandana Sphoorty board to consider raising funds via NCDs; stock up 2% (23-08-2024)
The rise in the Spandana Sphoorty stock price came after the company announced that its board of directors will meet on August 27 to consider raising funds via NCDS on private placement basis.
Prism Johnson gains after acquiring 50% stake in Gujarat-based Sunbath Sanitary (23-08-2024)
Prism Johnson added 2.72% to Rs 165.90 after the company announced that it has entered into a shareholders agreement for acquiring 50% of the issued and paid-up capital of Sunbath Sanitary.
Here’s why Adani Power’s shares are in news today; check details (23-08-2024)
Shares price of Adani Power rose as much as 2.24 per cent at Rs 689 per share on the BSE in Friday’s intraday deals
Nifty below 24,850 mark, realty shares underpressure (23-08-2024)
At 10:30 ST, the barometer index, the S&P BSE Sensex, fell 8.22 points or 0.02% to 81,075.29. The Nifty 50 index rose 11.65 points or 0.05% to 24,822.20.
IPO calendar next week: 6 new issues, 8 listings to ignite primary markets (23-08-2024)
Shares of Orient Technologies, and Interarch Building Products will list on the bourses, while IPOs of Premier Energies, and ECOS (India) Mobility & Hospitality will open for subscription next week